Financial
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Blog
Considering an RTO policy? Think again. Firms with remote working options record better financial performance
Firms with strong flexible work options have improved fortunes in the stock market, according to researchers at the University of Melbourne. The university’s assistant professor of finance, Gabriele Lattanzio, found a correlation between companies ranked highly for flexible work opportunities and companies with higher share prices. “This study documents for the first time that firms’ reliance on alternative work arrangements…
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Landmark Admin notifies 807K of data breach after ransomware attack compromised SSNs, financial and medical info
Yesterday, Landmark Admin, LLC (a third-party administrator for life insurance companies) confirmed that 806,519 people were involved in a data breach stemming from a ransomware attack in May, 2024. Landmark Admin had previously filed breach notifications in June but has only just confirmed the staggering number of people it involves. This is the sixth-largest ransomware attack on a US financial…
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Leaders Staffing notifies 52K people of data breach that compromised SSNs, financial and medical info
Indiana headhunting firm Leaders Staffing over the weekend confirmed it notified 51,929 people of a January 2024 data breach that compromised names, Social Security numbers, driver’s license numbers, financial account information, and medical information. Ransomware group Play claimed responsibility for the attack in February, saying it stole confidential data, client documents, budget, IDs, payroll, taxes, and financial info. Leaders Staffing…
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Franklin County, KS notifies 30K people of data breach that compromised SSNS, financial and medical info
Franklin County, Kansas officials over the weekend confirmed it notified 29,690 people of a May 2024 data breach that compromised the following personal data: Name Social Security number Financial account numbers Driver’s license number Date of birth Medical info including conditions, treatments, diagnoses, and medications Healthcare providers Dates and locations of services provided by the county Medical record number Vaccinations…
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Access Sports Medicine and Orthopaedics notifies 88K people of data breach that compromised SSNs, medical and financial info
New Hampshire clinic Access Sports Medicine and Orthopaedics this week confirmed it notified 88,044 people of a May 2024 data breach that compromised names, Social Security numbers, financial info, medical info, and health insurance info. Ransomware gang Inc claimed responsibility for the attack on May 18, 2024. The notice sent to affected patients states, “On May 10, 2024, Access Sports…
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Miami Gardens notifies residents of data breach that exposed SSNs, financial accounts, health insurance
The city of Miami Gardens, Florida this week notified an undisclosed number of people about a June 2024 data breach that compromised 80 GB of personal information including names, Social Security numbers, financial account numbers, health insurance info, and dates of birth. Ransomware group Meow claimed responsibility for the attack shortly after it occurred and demanded $500,000 in ransom. It…
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Microsoft’s huge AI spending has investors worried – now the company is changing its financial reporting to highlight successes
Microsoft is reorganizing its results to better highlight AI gains in its business as investors keep a close watch on the costs of rolling out the technology. Last month, Microsoft posted its full year results, with revenue up 16% to more than $245 billion — but capital spending, largely on AI and cloud, also climbed by a whopping 77% to…
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Ransomware gang Rhysida claims responsibility for Olympus Financial data breach
Ransomware gang Rhysida is demanding 10 BTC ($595,000 at time of writing) for data it says it stole from Olympus Financial, a mortgage broker in Miami, Florida. On July 31, Olympus Financial notified (PDF) victims of a data breach that compromised names, Social Security numbers, banking details, contact information, addresses, and dates of birth. Rhysida is now taking bids from…
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